Mizuho Securities USA LLC lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 15.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,402 shares of the bank's stock after selling 21,292 shares during the quarter. Mizuho Securities USA LLC's holdings in Huntington Bancshares were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC purchased a new stake in Huntington Bancshares in the first quarter valued at approximately $29,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Huntington Bancshares in the first quarter valued at approximately $31,000. Golden State Wealth Management LLC increased its holdings in shares of Huntington Bancshares by 516.3% in the first quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank's stock valued at $33,000 after purchasing an additional 1,869 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Huntington Bancshares in the first quarter valued at approximately $39,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Huntington Bancshares in the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 80.72% of the company's stock.
Insider Activity at Huntington Bancshares
In other news, EVP Marcy C. Hingst sold 13,700 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $15.79, for a total value of $216,323.00. Following the transaction, the executive vice president directly owned 337,879 shares in the company, valued at $5,335,109.41. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.89% of the stock is currently owned by company insiders.
Huntington Bancshares Trading Down 1.4%
Shares of Huntington Bancshares stock traded down $0.24 during trading hours on Friday, reaching $16.57. The stock had a trading volume of 21,072,962 shares, compared to its average volume of 34,239,708. The firm has a 50 day simple moving average of $16.55 and a two-hundred day simple moving average of $15.69. The firm has a market capitalization of $24.17 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 0.86 and a beta of 0.93. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44.
Huntington Bancshares Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, September 17th. Huntington Bancshares's dividend payout ratio (DPR) is 45.93%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Wall Street Zen lowered Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Keefe, Bruyette & Woods decreased their target price on shares of Huntington Bancshares from $18.00 to $17.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Jefferies Financial Group initiated coverage on shares of Huntington Bancshares in a research report on Wednesday, May 21st. They set a "buy" rating and a $20.00 target price on the stock. Truist Financial boosted their target price on shares of Huntington Bancshares from $18.00 to $19.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Finally, Stephens restated an "equal weight" rating and set a $16.50 target price on shares of Huntington Bancshares in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.68.
Check Out Our Latest Analysis on HBAN
About Huntington Bancshares
(
Free Report)
Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.
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